Turkish clubs deep in debt while struggling with profitability
Alamy | Besiktas are the reigning champion. However, the club’s total turnover has dropped from €163 million in 2017/18 to less than €60 million in 2020/21 – a decline of more than 60 per cent.
All the big four Turkish clubs have published their financial statements for the 2020/21 season, which was the first season fully impacted by Covid.
Following a good 2018/19 season, the pandemic seems to have played its part in the club’s operating losses.
Moreover, the clubs are becoming increasingly indebted and have accumulated financial obligations among the highest in Europe.
15 October 2021 - 12:05 PM
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